Certified Gold Coin Predictions Posted by James Randolph on October 25, 2010
October 25, 2010 – The rare coin market has seen its share of ups and downs over the last few weeks, and many analysts believe certain certified gold coins may be poised to rise substantially before the end of the year. Depending on the actions of the Federal Reserve and their partner-in-crime the US Treasury, gold could rise another 6 percent or fall drastically.
After a tremendous run from $1255 to $1375 in exactly one month, technical factors reversed gold’s momentum and gold is sitting comfortably at $1338 per ounce on the COMEX. The gold spot price has risen over 20 percent in the last 365 days alone, and some say this is a bit too much. Franklin Sanders with the Money Changer believes that gold will correct further before climbing to somewhere around $1600 per ounce early in 2011.
If the gold bullion market were to rise to $1600 per ounce, it could mean a spectacular year for the rare gold coin market. The half-ounce, $10 Lady Liberty coins could be the “sleeper” coin of the year, and both the $20 Lady Liberty and the $20 Saint Gaudens one-ounce coins are expected to outperform the rest of the market in 2011 as well.
At the very least, the majority of experts agree that most certified rare coins should pace the gold bullion market. Eight of the last 10 years certified gold coins have outperformed bullion, and in each of those eight years it wasn’t even close. If one can’t afford to catch a year where certified coins lag behind bullion, then one shouldn’t consider buying that type of investment in the first place. However, those who have other assets on which to live and plan on keeping possession of their gold for a few years enjoy the privacy and better leverage of the rare coin market.
Senior Staff Writer – Certified Gold Exchange